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Dec 21, 2012
12/12
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the typical u.s. army private, including men and women serving us in afghanistan today, married with a newborn infant, will see a $453 increase in taxes as a result of republican plan b. 25 million families will pay an average of $1,000 or more, so that 402,000 families who make over $1 million could get an average tax break of $50,000. that is the tax part of the republican plan. and we are here today, right now, he talking about the cutting part of the republican plan. i think all of us recall, during the election, the republican presidential candidate said, and i quote, 47% of the people will vote for the president, no matter what. he went on to say, "and so my job is not to worry about these people." the republican sequestered cutting plan is making an those promises come true. it sends a signal that republican colleagues do not care about the 47%, because do you know who gets hit? here is what it would do. by the way, this is a recycled version. we have virtually the same version last spring. we
the typical u.s. army private, including men and women serving us in afghanistan today, married with a newborn infant, will see a $453 increase in taxes as a result of republican plan b. 25 million families will pay an average of $1,000 or more, so that 402,000 families who make over $1 million could get an average tax break of $50,000. that is the tax part of the republican plan. and we are here today, right now, he talking about the cutting part of the republican plan. i think all of us...
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Dec 13, 2012
12/12
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the u.s. house of representatives committee on foreign affairs will hold a hearing on thursday, december 20 on the benghazi attacke. secretary clinton will be testifying. c-span will cover this on thursday at 1:00 p.m. eastern time. c-span cameras will be there. front page of the national journal this morning -- on tuesday he delivered the gop talking points about the need for more spending cuts as part of any deal, while downplaying the role of raising income-tax rates on wealthier earners, which the white house trumpets often. boosting rates on the rich, he said, would provide enough money to run the government for eight days. that has nothing to do with spending, getting spending in line. other than performing requisite task, mitch mcconnell has not emerged as a huge presence in the ongoing fiscal cliff narrative. that is a change from past budget and tax deals where his finger prints were evident, a fact that could affect the final outcome or subtlety of the deal. that the national journal
the u.s. house of representatives committee on foreign affairs will hold a hearing on thursday, december 20 on the benghazi attacke. secretary clinton will be testifying. c-span will cover this on thursday at 1:00 p.m. eastern time. c-span cameras will be there. front page of the national journal this morning -- on tuesday he delivered the gop talking points about the need for more spending cuts as part of any deal, while downplaying the role of raising income-tax rates on wealthier earners,...
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Dec 24, 2012
12/12
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at the u.s. government is an insurance company with an army. when we talk about the insurance company part, we are talking about medicare and social security, and to some degree medicaid. those are programs that benefit the middle class and the poor, mainly through retirement. the other thing that people talk about, those are very small parts in the federal budget compared to medicare and social security. really, is not a question of needing to cut these programs. it is that they are growing more quickly than the economy, larger than they have been in the past, and what we need to decide as a nation is, are willing to pay substantially higher taxes than we have in the past to pay for these programs? if we want to keep our current tax burdens, we need to figure out how to reduce those programs. medicare -- we are not talking about reducing benefits over the long term. we have a health care system over all that grows more quickly than the economy. economists do not have one reason why that happens. they are looking for all the reasons why that ha
at the u.s. government is an insurance company with an army. when we talk about the insurance company part, we are talking about medicare and social security, and to some degree medicaid. those are programs that benefit the middle class and the poor, mainly through retirement. the other thing that people talk about, those are very small parts in the federal budget compared to medicare and social security. really, is not a question of needing to cut these programs. it is that they are growing...
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Dec 14, 2012
12/12
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consequently, the u.s. federal government will continue to provide a social safety net, regulate the economy, and shoulder a substantial share of responsibility for safeguarding the social and economic basis of political equality." guest: there are always some conservatives that argue that, let's have big government. let's make it our big government. i'm not sure you can have the government the size we have and not have -- not squeeze people like the caller we have from new jersey. peter berkowitz should go talk to him, tell them -- tell her she should not mind the government. 200 years of growth during world war room and one, world war ii gave as big government. they didn't fall for that. host: grover norquist is president of americans for tax reform. atr.org. if you would like to read his text pair pledged and see some of the other information may have on their site. and the new release from today. thank you very much for being on "washington journal". >> now a look at how the fiscal cliff the impact medi
consequently, the u.s. federal government will continue to provide a social safety net, regulate the economy, and shoulder a substantial share of responsibility for safeguarding the social and economic basis of political equality." guest: there are always some conservatives that argue that, let's have big government. let's make it our big government. i'm not sure you can have the government the size we have and not have -- not squeeze people like the caller we have from new jersey. peter...
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Dec 12, 2012
12/12
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purges in over 70% of all new u.s. debt issuance fees. -- issuances. if you look at people who are buying our debt, their appetite is getting less, not greater. they are buying short-term debt because of huge interest rates risks. if you look at china in particular, they are looking for corporate bonds rather than u.s. treasury securities because they do not like what they see. we are living on borrowed time. we have created another bubble. my view is the reason the fed is doing that is because the mandate was changed in the late 70's to where they have to be concerned with unpolluted with unemployment. -- with unemployment. we need a fiscal deal. the fed has to change its policy because both are imprudent and unsustainable over time. >> right. >> one of the most successful physical consolidations in the developed, democratic world in canada, in the mid 1990's, and i ask the canadian politicians how did you do it? the public went from cheering on spending to deficits within a matter of a year or two. the government in canada now risks some peril if the
purges in over 70% of all new u.s. debt issuance fees. -- issuances. if you look at people who are buying our debt, their appetite is getting less, not greater. they are buying short-term debt because of huge interest rates risks. if you look at china in particular, they are looking for corporate bonds rather than u.s. treasury securities because they do not like what they see. we are living on borrowed time. we have created another bubble. my view is the reason the fed is doing that is because...
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Dec 21, 2012
12/12
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the typical u.s. army private, including those men and women serving us in afghanistan today, married with a newborn infant, will see a $453 increase in taxes as a result of republican plan b. on average, 25 million families will pay an average of $1,000 more so that 402,000 families who make over $1 million can get an average tax break of $50,000. that is the tax part of republican plan b. now we are here today right now talking about the cutting part of republican plan b. i think all of us recall during the election, the republican presidential candidate said "there are 47% of the people who will vote for the president no matter what." then he went on to say, "my job is not to worry about those people." you know what? the republicans'questor cutting plan today is making the nominee's promise come true. it sends a signal that our republican colleagues just do not care about the 47% because you know who gets hit -- here is what it would do. this is according to the congressional budget office. this is
the typical u.s. army private, including those men and women serving us in afghanistan today, married with a newborn infant, will see a $453 increase in taxes as a result of republican plan b. on average, 25 million families will pay an average of $1,000 more so that 402,000 families who make over $1 million can get an average tax break of $50,000. that is the tax part of republican plan b. now we are here today right now talking about the cutting part of republican plan b. i think all of us...
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Dec 22, 2012
12/12
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they want the u.s. economy to be stronger as quickly as possible, because it means there will be able to continue to export. as much as they're trying to move from an export driven economy to a more domestic consumption based economy, they will still rely heavily on exports. the more americans are working, the more money they have in their pockets, the more they will be shopping in stores, and so much of what they buy is made from many other countries, including china. the healthier the u.s. economy is, the more that china will export. that means jobs for the chinese people. >> when you talk to leaders, how much are they actually were it about united states? -- worried about united states? >> i think united states is incredibly important to china, and recognize that. not only in very practical ways, but in another way, more psychological. there is a 150 year history were china has been trying to check itself up in big shin itself upr status. there is this lingering psychological mindset of china being v
they want the u.s. economy to be stronger as quickly as possible, because it means there will be able to continue to export. as much as they're trying to move from an export driven economy to a more domestic consumption based economy, they will still rely heavily on exports. the more americans are working, the more money they have in their pockets, the more they will be shopping in stores, and so much of what they buy is made from many other countries, including china. the healthier the u.s....
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Dec 13, 2012
12/12
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we are actually here in this building, the u.s. capital -- capitol, america, your congress is in session and we're here to work. yet my republican colleagues refuse to bring up the middle class tax cut bill that is right behind me at this desk. now my colleague from texas can continue to talk about what happened in august of this year. you know, staging votes for the election, that took place. i know the results of the election. when our constituents are concerned -- what our constituents are concerned about is what happens in january, if and when we fail to do our work here now. and also, to expose that the vote that took place in august was a vote to continue the bush era tax cuts. the very same tax cuts that got us into the mess we are in right now. and they're doing that because they're holding hostage the 98% of americans who receive a tax cut under mr. walz's bill before -- that's at the desk today. and they're holding them hostage to make sure that the 2%, the wealthiest 2% don't get that tax cut. our economy is 70% driven b
we are actually here in this building, the u.s. capital -- capitol, america, your congress is in session and we're here to work. yet my republican colleagues refuse to bring up the middle class tax cut bill that is right behind me at this desk. now my colleague from texas can continue to talk about what happened in august of this year. you know, staging votes for the election, that took place. i know the results of the election. when our constituents are concerned -- what our constituents are...
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Dec 9, 2012
12/12
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also tomorrow, a look at how u.s. debt, slow economic growth and the retirement of baby boomers could impact the global and economic future of the united states. from the american enterprise institute doug join us live at 5:30 p.m. eastern also here on c-span. >> we are at the new york state museum. this is our galley that is dedicated to the history of september 11 and the attacks at the world trade center. we decided with the gallery to tell the story for the first moments of the attacks using objects from the world trade center site. this is a piece of steel from the south tower. we put it in a place where the public can and should come and touch it. it gives it a real tangible experience. this is a piece of steel from the north towers. this is a dramatically bent piece of steel. this is within 10 floors of the impact of 9/11 on the north tower. again, you can see the openings where the windows would have been and this metal strip would have held the aluminum clad on the front of the building. each piece of steel i
also tomorrow, a look at how u.s. debt, slow economic growth and the retirement of baby boomers could impact the global and economic future of the united states. from the american enterprise institute doug join us live at 5:30 p.m. eastern also here on c-span. >> we are at the new york state museum. this is our galley that is dedicated to the history of september 11 and the attacks at the world trade center. we decided with the gallery to tell the story for the first moments of the...
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Dec 27, 2012
12/12
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host: if the u.s. government and american taxpayers go over the so called "fiscal cliff" what do you foresee for? the for? guest: the fiscal cliff is going to shave off about 4% of gdp, so that the national economic growth. currently is growing about 2%. you can do very simple mathematics. and we are back in a recession. we can anticipate 1 million or 2 million net job losses in 2013. it will be difficult for the housing market to continue its momentum without jobs. so we hope that this cliff can be averted. host: when you look at negotiations going on in washington, does your association have a favorable path towards achieving the fiscal cliff? guest: a $1 trillion budget deficit we have been running annually, that is unsustainable. something needs to be addressed. the shrinking of the time. we have, one has to get something done quickly and then a grand bargain as to get done in the springtime to fundamentally address the long- term budget deficit. but we have to get over the short-term obstacle. we'
host: if the u.s. government and american taxpayers go over the so called "fiscal cliff" what do you foresee for? the for? guest: the fiscal cliff is going to shave off about 4% of gdp, so that the national economic growth. currently is growing about 2%. you can do very simple mathematics. and we are back in a recession. we can anticipate 1 million or 2 million net job losses in 2013. it will be difficult for the housing market to continue its momentum without jobs. so we hope that...
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Dec 13, 2012
12/12
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the bottom line is the u.s. congress and this white house are very disjointed, because the american public is very disjointed. when the american public -- this is a town that is responsive to what their voters tell them. people don't come here and say i will disagree totally with what my constituency tells me to do. once in awhile we would hope when it requires leadership because they get more from patients and their constituents that they rise to the occasion. but i think what is important if we are going to get to that point of these five things that need to be done in order to pull the country forward, more people need to talk about. having him on this panel enunciating those four or five things is important. it is a campaign that needs to be waged, that allows people -- probably in the centers of all political parties, however many that is these days, to have that conversation. it is a lonely center. to be able to have that conversation, to enunciate it. it is something that needs to be talked to and explain
the bottom line is the u.s. congress and this white house are very disjointed, because the american public is very disjointed. when the american public -- this is a town that is responsive to what their voters tell them. people don't come here and say i will disagree totally with what my constituency tells me to do. once in awhile we would hope when it requires leadership because they get more from patients and their constituents that they rise to the occasion. but i think what is important if...
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Dec 5, 2012
12/12
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and u.s. communities and taxpayers are incurring exorbitant disaster assistance cost as a result of this practice. which has become a practice. a dangerous one. the national institute of building sciences issued a congressionally charted report that determined taxpayers save $4 for every $1 invested in smart mitigation measureless. and yet the corps of engineers' new construction budget for the entire nation this year is only $1.6 billion. despite a backlog of $40 billion worth of projects. hurricane irener to through the same region of the country last year and as winter stets -- sets in, the northeast continue s threats. this refleblingts a trend of more frequent and costlier disasters in this country. last year alone 48 states experienced presidential declared disasters. 14 of which exceeded $1 billion in damage. the most in recorded history. rising sea levels, more active hurricane seasons, increased development along our nation's coast. clearly reveal that hurricane irene and sandy were n
and u.s. communities and taxpayers are incurring exorbitant disaster assistance cost as a result of this practice. which has become a practice. a dangerous one. the national institute of building sciences issued a congressionally charted report that determined taxpayers save $4 for every $1 invested in smart mitigation measureless. and yet the corps of engineers' new construction budget for the entire nation this year is only $1.6 billion. despite a backlog of $40 billion worth of projects....
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Jan 1, 2013
01/13
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one of the things i would like to pretend that is in 2012 the u.s. would actually develop a u.s. policy. some of this will develop this natural gas so and these unconventional things. >> a year relaxed about this whole a certain sum of the industry happening so fast. in the other part of the world there is the misgivings about this. >> relax is not the word i would have chosen chris has become an extraordinarily contentious issue. one of the reasons it has been contentious is because they're in packs. too often up until now many companies have tonight there are any impacts. the communities see their water contaminated not necessarily buy tractors but by spills on the surface. the cement casings i. they see their what you're getting contaminated. -- they see their what you're getting contaminated. i visited in pennsylvania 30 minutes out of pittsburgh as part of president obama appointed seven of us to chart a safe path forward. i had a woman who said she was forced to abandon her family farm because of the noxious emissions from the neighboring wells. her son in order to continue
one of the things i would like to pretend that is in 2012 the u.s. would actually develop a u.s. policy. some of this will develop this natural gas so and these unconventional things. >> a year relaxed about this whole a certain sum of the industry happening so fast. in the other part of the world there is the misgivings about this. >> relax is not the word i would have chosen chris has become an extraordinarily contentious issue. one of the reasons it has been contentious is...
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Dec 14, 2012
12/12
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do we end with the view that the u.s. is the best performing of the advanced economies? >> the u.s. has a pretty good medium-term growth prospects. both because of the energy boom, increasing efficiencies and healthcare, and still being the world leader in technology, which is a big advantage. the other point that i think needs more emphasis, if you look over the next 10-20 years, the growth rate of the economy is slowing because of demographics, because the average education is not increasing and we will have the drag from the aftermath of the financial crisis for a long time. the next year or two or three looks better than what we have been experiencing that better means 3% growth, not 5%. >> on that note, are there any questions? no questions? i have loads more. >> [inaudible] >> can we continue to print money without causing inflation? >> one of the most challenging lines that the next chairman of the federal reserve will have to walk is unwinding the balance sheet expansion that has occurred while avoiding putting too much negative pressure on the economy. you can get that bala
do we end with the view that the u.s. is the best performing of the advanced economies? >> the u.s. has a pretty good medium-term growth prospects. both because of the energy boom, increasing efficiencies and healthcare, and still being the world leader in technology, which is a big advantage. the other point that i think needs more emphasis, if you look over the next 10-20 years, the growth rate of the economy is slowing because of demographics, because the average education is not...
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Dec 23, 2012
12/12
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the u.s. economy is at stake here. millions upon millions of families are counting on us to do something. it is the president's job. it is his job to find a solution that can pass the congress. he is the only one who can do it. this is not john boehner's problem to solve. he has done his part. he has bent over backwards. mr. president, how about rallying the party around a solution? how about getting the democrats to find a solution? we cannot solve the problems we face unless and until the president of united states finds the will or develops the ability to lead. this is a moment that calls for presidential leadership. that is the way out of this. it is that simple. does anybody wonder why we keep going from crisis to crisis around here? does anybody notice a pattern? this does not have to be a crisis. this was an opportunity. once again, the president ignored it. he went out and held rallies and give partisan speeches even after it already been reelected. it is obvious this poinat this point that the president wants
the u.s. economy is at stake here. millions upon millions of families are counting on us to do something. it is the president's job. it is his job to find a solution that can pass the congress. he is the only one who can do it. this is not john boehner's problem to solve. he has done his part. he has bent over backwards. mr. president, how about rallying the party around a solution? how about getting the democrats to find a solution? we cannot solve the problems we face unless and until the...
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Dec 21, 2012
12/12
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u.s. dot and fda provided critical support. the ministry was personally involved in getting specialized breakers from chicago for service. but with path operating at less than full strength on partial schedules, and as new jersey transit continues its efforts to restore service, commutes are still badly disrupted. what normally was a 45-minute ride has now doubled or worse as commuters displaced seek alternative transit. those with late evening shifts are still bearing the burden of limited service, having to rely on late-night bus is to make their way home. we continue to rebuild and repair across our network, but as the case of the state of new york and new jersey, the port authority will need the federal government's health. we're not at full strength and we have endured hundreds of millions of dollars of damage. electric substation 7 patched together with parts. parts are offering -- operating on a manual lock, with communicators by radio while the signaling systems are under repair. to bring the system that will require hu
u.s. dot and fda provided critical support. the ministry was personally involved in getting specialized breakers from chicago for service. but with path operating at less than full strength on partial schedules, and as new jersey transit continues its efforts to restore service, commutes are still badly disrupted. what normally was a 45-minute ride has now doubled or worse as commuters displaced seek alternative transit. those with late evening shifts are still bearing the burden of limited...
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Dec 31, 2012
12/12
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the u.s. is still very important. we are expecting growth of about 2%. if the u.s. goes off of this book with and you have very weak growth, that will be a huge dent in the global outlook and will have transmission of sex to the rest of the global economy at that time when the eurozone is still in recession in japan has also slid into recession. the risk is that this negotiation process could be protracted. i think president obama is proposing the concept of a fallback option, which would at least deliver some of the extension of the tax cuts and also unemployment benefits, which is very important. if the unemployment benefits cease after the first of january, that has an immediate impact on expenditure in the u.s. on about 2 million unemployed people. i think he is going to try to put together a skeleton deal to at least bridge the gap while negotiations continue. u.s. secretary of state -- >> u.s. secretary of state hillary clinton has been taken to hospital. she suffered a concussion earlier this month. she is being treated with blood thinning medication and she
the u.s. is still very important. we are expecting growth of about 2%. if the u.s. goes off of this book with and you have very weak growth, that will be a huge dent in the global outlook and will have transmission of sex to the rest of the global economy at that time when the eurozone is still in recession in japan has also slid into recession. the risk is that this negotiation process could be protracted. i think president obama is proposing the concept of a fallback option, which would at...
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Dec 13, 2012
12/12
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. >> when you are dealing with the u.s. and federal government, you get everything that comes along with that. the paperwork is just awful, if you start with the mayor, they can make things happen. as soon as you get to the federal government. this has been going on for a long time. >> i just want to make it perfectly clear, it is a lot better than 9/11. we were working with 12,000 businesses directly impacted by that disaster in new york. today is a cakewalk in all honesty. i can't think of a situation where we did not help every small business at that point of perfection. there is going to be a lot of businesses needing help and we are struggling with that. we are trying to come up with the resources. the request for the 60 billion, it does include the ability to extend this effort. it will not be a one-year or two-year situation. they probably won't come back for five years. >> i will conclude with this. i agree that this recovery is not going to take place unless the small businesses recover. congress is not going to he
. >> when you are dealing with the u.s. and federal government, you get everything that comes along with that. the paperwork is just awful, if you start with the mayor, they can make things happen. as soon as you get to the federal government. this has been going on for a long time. >> i just want to make it perfectly clear, it is a lot better than 9/11. we were working with 12,000 businesses directly impacted by that disaster in new york. today is a cakewalk in all honesty. i can't...
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Dec 14, 2012
12/12
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the u.s. what is going to change? guest: the nation is projected to grow at a slower pace over the next 38 years. the population will continue to age. that the nation is projected to become more diverse in growth, minority population, and decrease in population. host: look at these numbers. 420 million -- how do face the demand of that growing population? education, health care? guest: that is a perfect question for bill. guest: it really is a slower growth than we have been used to for a long time. about a 34% growth rate over those 48 years. we have been going on about 10% a decade. we'll get used to slower growth with a new minority population filling in at the bottom of the slow-growing part of the age distribution. and older population that is growing rapidly. we have to deal more with minority integration and social inequality and issues with the new americans. host: so aging growing slowly and more diverse. we have divided our phone lines by region. host: you can also join us honor twit
the u.s. what is going to change? guest: the nation is projected to grow at a slower pace over the next 38 years. the population will continue to age. that the nation is projected to become more diverse in growth, minority population, and decrease in population. host: look at these numbers. 420 million -- how do face the demand of that growing population? education, health care? guest: that is a perfect question for bill. guest: it really is a slower growth than we have been used to for a long...
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Dec 15, 2012
12/12
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schools from u.s. workforces together that is a skills compact i think the country could easily get behind and support. and so i think that is highly important as we think of the skills issue going forward. and i think some of the issues i heard talked about before are critical to that as well. what are we doing in the pipeline? what are we doing from the earliest ages to make sure underrepresented groups are taking to science? why do we have the dropoff at middle school around young women? what are our long-term strategies? so we have to attack this on all silledders we have to have an all the above strategy. butwhile we're doing the long-term strategy to have a greater supply of stem workers and high skilled workers we should not take our eye off what queck dot do in the short terms. one of the most powerful was the idea that you could have a significant effect on the number of workers we have if you just ensured that you had a higher graduation rate among those who declared a stem major in their fre
schools from u.s. workforces together that is a skills compact i think the country could easily get behind and support. and so i think that is highly important as we think of the skills issue going forward. and i think some of the issues i heard talked about before are critical to that as well. what are we doing in the pipeline? what are we doing from the earliest ages to make sure underrepresented groups are taking to science? why do we have the dropoff at middle school around young women?...
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Dec 9, 2012
12/12
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if all the sudden u.s. treasuries were downgraded, wouldn't that have a pretty significant the fact on where we are relative to the avalanche? >> if there is downgraded treasury debt, this would likely trigger other downgrades. bank debt, they will get downgraded. jpmorgans of the world. money managers have in their relationship with their clients agreements not to invest in bonds that have rates below a certain grade. they will have to divest themselves because of the downgrades. this will cause problems in the credit markets. the credit markets will ultimately adjust. the reality has not changed. you will see hedge funds and private equity firms, but that is the process. it will take time. between now and then, it will create a greater amount of turmoil. it is what this means. it means that we do not have the political will to nail this thing down. and we will not. people will recognize that and we will go nowhere. >> if you want to preserve the entitlement, get us to balance. >> get us to sustainability.
if all the sudden u.s. treasuries were downgraded, wouldn't that have a pretty significant the fact on where we are relative to the avalanche? >> if there is downgraded treasury debt, this would likely trigger other downgrades. bank debt, they will get downgraded. jpmorgans of the world. money managers have in their relationship with their clients agreements not to invest in bonds that have rates below a certain grade. they will have to divest themselves because of the downgrades. this...
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Dec 16, 2012
12/12
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this will create thousands of u.s. jobs in the hardest-hit industries on jobs that cannot be of course using materials that are 90% made in the usa energy efficiency is unique in that it creates its own cash flow. it pays for itself. there are significant barriers that prevent this from being harvested more efficiency -- more efficiently. one is to begin -- and this is akin to building power plants. we know how to finance power plants. they supply predictable amounts of energy and utility can easily raise capital. however we lack the same capital for energy efficiency even notice understood to be the most cost-effective resource for meeting our needs. the energy efficiency efforts equate to a resource greater than any other source in the country. greater than nuclear, natural gas or coal. this is a great example policy that can move the -- this provides incentive to home owners to increase -- the greater the incentive, i the savings. transitioning allows for business model metrology and creates a system to reward innov
this will create thousands of u.s. jobs in the hardest-hit industries on jobs that cannot be of course using materials that are 90% made in the usa energy efficiency is unique in that it creates its own cash flow. it pays for itself. there are significant barriers that prevent this from being harvested more efficiency -- more efficiently. one is to begin -- and this is akin to building power plants. we know how to finance power plants. they supply predictable amounts of energy and utility can...
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Dec 27, 2012
12/12
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host: if the u.s. government and american taxpayers go over the so called "fiscal cliff" what do you foresee for? the for? guest: the fiscal cliff is going to shave off about 4% of gdp, so that the national economic growth. currently is growing about 2%. you can do very simple mathematics. and we are back in a recession. we can anticipate 1 million or 2 million net job losses in 2013. it will be difficult for the housing market to continue its momentum without jobs. so we hope that this cliff can be averted. host: when you look at negotiations going on in washington, does your association have a favorable path towards achieving the fiscal cliff? guest: a $1 trillion budget deficit we have been running annually, that is unsustainable. something needs to be addressed. the shrinking of the time. we have, one has to get something done quickly and then a grand bargain as to get done in the springtime to fundamentally address the long- term budget deficit. but after get over the short- term obstacle. we're n
host: if the u.s. government and american taxpayers go over the so called "fiscal cliff" what do you foresee for? the for? guest: the fiscal cliff is going to shave off about 4% of gdp, so that the national economic growth. currently is growing about 2%. you can do very simple mathematics. and we are back in a recession. we can anticipate 1 million or 2 million net job losses in 2013. it will be difficult for the housing market to continue its momentum without jobs. so we hope that...
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Dec 14, 2012
12/12
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COM
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. >> today the u.s. air force launched a top secret they call it unmanned spacecraft. kind of like a space drone. officials aren't saying much of anything about this thing, but the experts say it's likely testing out new equipment for spying. >> jon: yeah, guess what -- [whispers] not working. i'm not especially worried about north korea. we all know when the world ends, it will be an asteroid that does us in. on that score we're totally safe. >> close encounter of the asteroid kind. two asteroids buzzed earth, one of them passing inside the moon's orbit. nasa says the 120-foot wide rock came within about 140,000 miles of our planet. this is the scary part, no one knew this asteroid was coming until a couple days ago. kind of snuck up on us. >> jon: snuck up on us? [laughter] it's not a puma. it's a giant [bleeped] rock hurdling through space. can we not see anything coming our way? how is it we've got this massive spy satellite homeland security apparatus and apparently the only thing we've gathered reliable footage of is what every single airline passenger looks like
. >> today the u.s. air force launched a top secret they call it unmanned spacecraft. kind of like a space drone. officials aren't saying much of anything about this thing, but the experts say it's likely testing out new equipment for spying. >> jon: yeah, guess what -- [whispers] not working. i'm not especially worried about north korea. we all know when the world ends, it will be an asteroid that does us in. on that score we're totally safe. >> close encounter of the...
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Dec 17, 2012
12/12
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caller: the u.s. territories, do they applied to them guest: they apply to all of federated territories as well. in some areas, there are statutory minimum amounts that have to be provided to those territories. host: if you like to join the conversation and talked to david maurer about a homeland security grants to states, here are the numbers to call. what formula did the grant programs follow went looking to get out the money? what do they have to do? guest: it varies from program to program, but generally speaking, as a first cut, dhs takes into consideration the risk. in other words, it wants to provide the money more toward portions of the country where there is a greater risk of attack or natural disaster. secondly, we look at capabilities. how capable are the state and local governments already. those that are less capable should get additional funding. and third, they look of the types of project that we are applying -- but they are applying for. the state and local governments do not apply un
caller: the u.s. territories, do they applied to them guest: they apply to all of federated territories as well. in some areas, there are statutory minimum amounts that have to be provided to those territories. host: if you like to join the conversation and talked to david maurer about a homeland security grants to states, here are the numbers to call. what formula did the grant programs follow went looking to get out the money? what do they have to do? guest: it varies from program to program,...
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Dec 1, 2012
12/12
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feds say the men are u.s. citizens but originally came from pakistan if convicted they could get live in prison. the country introduced today to a missouri family who won half of that power ball jacket. a mechanic at a meat processing plant and by is laid off, three grown sons and adopted daughter they say now they may adopt another. no word on who holds the ticket in arizona there is video showing an excited man checking his numbers. witnesses say he had the lucky ticket. now back to on the record for your latest headlines log on to foxnews.com. >> the president: it is not acceptable to me and i don't think it is acceptable to you for a handful of republicans in congress to hold middle class tax cuts hostage because they don't tax rates on upper income folks to go up. >> there's a stalemate the white house spent three weeks trying to develop a proposal and they send one up here that calls for 1.6 trillion in new tax. calls for a little -- not even 400 billion dollars in cuts. and they want to have this extra
feds say the men are u.s. citizens but originally came from pakistan if convicted they could get live in prison. the country introduced today to a missouri family who won half of that power ball jacket. a mechanic at a meat processing plant and by is laid off, three grown sons and adopted daughter they say now they may adopt another. no word on who holds the ticket in arizona there is video showing an excited man checking his numbers. witnesses say he had the lucky ticket. now back to on the...
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Dec 7, 2012
12/12
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the u.s. that's live at 7:00 p.m. eastern on c-span. >> i think riders institute is something that's important within the culture. we are a culture of words of voices. words are key to our imagination, our capacity to envision things. we ourselves are not completely tied to print on the page of writing but i think that there is no other art form so readily accessible other than perhaps film. but there is something in literature that cap chures the hunal spirit. >> this weekend join book tv as we look tpwhind scenes at the literary life of new york's capital city albany. >> senators from new york and new jersey say hurricane sandy caused $5 billion worth of damage to rail subway and port infrastructure in their state. they testified on surface transportation yesterday. >> i call this hearing to order. thank you for joining us, mr. secretary. i asked you to testify today because i'm deeply concerned about the recent report that the f.h.a. could potentially need taxpayer support for the first tim
the u.s. that's live at 7:00 p.m. eastern on c-span. >> i think riders institute is something that's important within the culture. we are a culture of words of voices. words are key to our imagination, our capacity to envision things. we ourselves are not completely tied to print on the page of writing but i think that there is no other art form so readily accessible other than perhaps film. but there is something in literature that cap chures the hunal spirit. >> this weekend join...
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Dec 16, 2012
12/12
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the u.s. capitol, over the white house, and in many locations across the country are at half staff today because of friday's school shooting in newtown, conn.. the nation's newspapers are full of details about what happened on friday. we would like to hear from you your opinions on how america can prevent mass shootings. is it the role of government or society to stop them? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. or join the conversation on facebook by looking for c-span and weighing in. you can also e mail us, journal@c-span.org. here is the first page -- front page of "the hartford current" this morning. "day of grieving." the top headline, along with a list of the victims. the employees, all women. the children, all around the age of 67. this is "the sunday bulletin." "residents gather to find comfort and pray." national newspapers also diggi
the u.s. capitol, over the white house, and in many locations across the country are at half staff today because of friday's school shooting in newtown, conn.. the nation's newspapers are full of details about what happened on friday. we would like to hear from you your opinions on how america can prevent mass shootings. is it the role of government or society to stop them? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882....
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Dec 23, 2012
12/12
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CSPAN2
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number is 6 trillion, even though the european economies as a whole are about the same size as the u.s. which you call bonded debt, or come in a skit involved in commercial paper, bonds and other sources. five chilliness country, only one in europe. that means europe is top-heavy with banks. but that means is if you're a small company and you start to grow, you don't have the capital industry we have. you don't have the diverse sources of capital here. sue eventually give forest to become part of a big company. so you don't get the microsoft and apple on the scale we get in this country. so you look the 1970s. terrible decade. microsoft, apple, oracle, charles schwab, southwest airlines, fedex and others. a capital system can nurture them, get them to grow and be independent companies of the future. so again, europe is a 2%, weaker at 3.5 even though it had the largest economy we have the capital markets to adjust and if government ends of messing up the markets as it does when it trashes the dollar, you get new instruments to come in that deal with it and try to make money off of it.
number is 6 trillion, even though the european economies as a whole are about the same size as the u.s. which you call bonded debt, or come in a skit involved in commercial paper, bonds and other sources. five chilliness country, only one in europe. that means europe is top-heavy with banks. but that means is if you're a small company and you start to grow, you don't have the capital industry we have. you don't have the diverse sources of capital here. sue eventually give forest to become part...
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Dec 8, 2012
12/12
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KQEH
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u.s. and british regulators still have to approve the deal. two years ago google offered six billion to buy daily deal website group-on before it went public. group-on's market value is half that tonight and bloomberg reports there's take-over speculation. the stock jumped 23% today. volume more than doubled. some of the buying also could be from traders who sold short the stock to profit as it was falling. four of the top five most actively traded exchange traded products were higher. the lone hold-out was the nasdaq 100 tracking fund, which includes apple. the fund was down 0.06%. and that's tonight's "market focus." tall tom dow growth is one reason tonight's market monitor thinks the economy will pick up speed next year and so will stocks. mark luschini back with us at janney montgomery scott. the job market we saw today improving in the last month but still slow, do you think it's going to pick up the pace of that improvement next year and why. >> well we do, tom. the fact of the matter is we've been seeing steady spectacular job growth f
u.s. and british regulators still have to approve the deal. two years ago google offered six billion to buy daily deal website group-on before it went public. group-on's market value is half that tonight and bloomberg reports there's take-over speculation. the stock jumped 23% today. volume more than doubled. some of the buying also could be from traders who sold short the stock to profit as it was falling. four of the top five most actively traded exchange traded products were higher. the lone...
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Dec 5, 2012
12/12
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the u.s. grks d.p., sustaining more than 13 million jobs. this legislation authorizes funding levels for both the coast guard and the reserve that provide for increased funding levels in fiscal years 2013 and 2014 over the fiscal years 2012 level. i believe it is funding levels in the bill do remain insufficient to address the documented needs of the coast guard, the coast guard has been asked to do more with less and i'm afraid their own choice in this time of budget uncertainty is to do less with less and that's just wrong. while i prefer these levels to be higher, i understand these funding levels are the best under the constraints. we must be aware that funding levels under this legislation are absent any consideration what will be needed to address the estimated $260 million in damages to coast guard facilities in the northeast as a result of hurricane sandy. these costs will be addressed in future, i assume. i want to highlight as well this legislation contains several provision that is
the u.s. grks d.p., sustaining more than 13 million jobs. this legislation authorizes funding levels for both the coast guard and the reserve that provide for increased funding levels in fiscal years 2013 and 2014 over the fiscal years 2012 level. i believe it is funding levels in the bill do remain insufficient to address the documented needs of the coast guard, the coast guard has been asked to do more with less and i'm afraid their own choice in this time of budget uncertainty is to do less...
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Dec 7, 2012
12/12
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if all the sudden u.s. treasuries were downgraded, wouldn't that have a pretty significant the fact on where we are relative to the avalanche? >> if there is downgraded treasury debt, this would likely trigger other downgrades. bank debt, they will get downgraded. jpmorgans of the world. money managers have in their relationship with their clients agreements not to invest in bonds that have rates below a certain grade. they will have to divest themselves because of the downgrades. this will cause problems in the credit markets. the credit markets will ultimately adjust. the reality has not changed. you will see hedge funds and private equity firms, but that is the process. it will take time. between now and then, it will create a greater amount of turmoil. it is what this means. it means that we do not have the political will to nail this thing down. and we will not. people will recognize that and we will go nowhere. >> if you want to preserve the entitlement, get us to balance. >> get us to sustainability.
if all the sudden u.s. treasuries were downgraded, wouldn't that have a pretty significant the fact on where we are relative to the avalanche? >> if there is downgraded treasury debt, this would likely trigger other downgrades. bank debt, they will get downgraded. jpmorgans of the world. money managers have in their relationship with their clients agreements not to invest in bonds that have rates below a certain grade. they will have to divest themselves because of the downgrades. this...
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Dec 5, 2012
12/12
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KQED
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if that momentum continues, the u.s. might deliver on that prediction last month from the international energy agency, calling for the u.s. to surpass saudi arabia as the world's largest oil producer by 2020. here's one good thing to come from the destruction of hurricane sandy-- verizon customers will be getting faster, and more, telecom services. the company said today it is replacing damaged copper wires with fiber optic cable. that upgrade from older, slower copper allows verizon to offer more digital services, including bundling phone, internet and cable tv. and it means an increase in revenues for verizon. tom, that was the message from verizon's c.e.o., speaking at an investor conference today. but it didn't do much for the stock. verizon shares fell, like many of its fellow dow components trading here on the big board. >> tom: let's get going with tonight's "market focus." with no big economic data for cues, stocks finished a lackluster day in negative territory. the s&p 500 struggled to find a clear direction an
if that momentum continues, the u.s. might deliver on that prediction last month from the international energy agency, calling for the u.s. to surpass saudi arabia as the world's largest oil producer by 2020. here's one good thing to come from the destruction of hurricane sandy-- verizon customers will be getting faster, and more, telecom services. the company said today it is replacing damaged copper wires with fiber optic cable. that upgrade from older, slower copper allows verizon to offer...
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Dec 24, 2012
12/12
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regardless of incretion of the u.s. you are in, if you don't have a situation where you have more people in the workplace, you will find -- in baltimore, we have a lot of crime and a lot of drugs. when they have no prospects, things can get desperate. i think the, as we look at the fiscal cliff and all these things merging together, i think this is a real consideration, that we need to increase minimum wage across the board, because it's better for our society, total societal costs, if we have more people working. host: we told you about the headlines earlier this morning, but if you are just joining us, the front page of the new york times has -- the front page of the washington post has -- the front page of the washington times has -- and here's a story in the new york times this morning -- his blood alcohol content was 0.11%. the legal limit in virginia is 0.08%. his 61 and as a january 4 court date. those are some of the headlines this morning. new york, democratic caller, finishing out today's washington journal, t
regardless of incretion of the u.s. you are in, if you don't have a situation where you have more people in the workplace, you will find -- in baltimore, we have a lot of crime and a lot of drugs. when they have no prospects, things can get desperate. i think the, as we look at the fiscal cliff and all these things merging together, i think this is a real consideration, that we need to increase minimum wage across the board, because it's better for our society, total societal costs, if we have...
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Dec 23, 2012
12/12
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at the u.s. government is an insurance company with an army. when we talk about the insurance company part, we are talking about medicare and social security, and to some degree medicaid. those are programs that benefit the middle class and the fourpo mainly through retirement. the other thing that people talk about, those are very small parts in the federal budget compared to medicare and social security. really, is not a question of needing to cut these programs. it is that they are growing more quickly than the economy, larger than they have been in the past, and what we need to decide as a nation is, are willing to pay substantially higher taxes than we have in the past to pay for these programs? if we want to keep our current tax burdens, we need to figure out how to reduce those programs. medicare -- we are not talking about reducing benefits over the long term. we have a health care system over all that grows more quickly than the economy. economists do not have one reason why that happens. they are looking for all the reasons why that h
at the u.s. government is an insurance company with an army. when we talk about the insurance company part, we are talking about medicare and social security, and to some degree medicaid. those are programs that benefit the middle class and the fourpo mainly through retirement. the other thing that people talk about, those are very small parts in the federal budget compared to medicare and social security. really, is not a question of needing to cut these programs. it is that they are growing...
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Dec 13, 2012
12/12
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the u.s. army. to have risen like he did from private to lieutenant colonel, to run as many missions as he did as a helicopter pilot in vietnam, and to have won the -- two distinguished flying crosses is something that this nation can never say thank you enough for what leonard boswell has done, even before he came to the halls of the u.s. congress. in the real world leonard boswell has truled combined a mid wern farmer's common sense with practical everyday living. it's been that experience that's proven so invaluable to us on the transportation and infrastructure committee. his work to draft critical legislation as a pilot leonard boswell knows very well the tremendous issues facing our aviation community. he served on that subcommittee on aviation for each of his 16 years in this body. during the hearings and markups, leonard often spoke about the critical importance of aviation safety and is an advocate for his fellow general aviation pilots. it was for that reason that leonard received an
the u.s. army. to have risen like he did from private to lieutenant colonel, to run as many missions as he did as a helicopter pilot in vietnam, and to have won the -- two distinguished flying crosses is something that this nation can never say thank you enough for what leonard boswell has done, even before he came to the halls of the u.s. congress. in the real world leonard boswell has truled combined a mid wern farmer's common sense with practical everyday living. it's been that experience...
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Dec 15, 2012
12/12
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the u.s.. after that, a look at the so- called fiscal cliff. then a discussion on have a fiscal cliff may affect medicare payments to doctors. tomorrow, we will take your calls and offers several perspectives on their reaction to the connecticut school shooting. wanda summers looks at how states are bracing for sequestration. >> my inspiration was the idea that i wanted to explain how this doesn't happen. we know the story of the cold war. we know the main events. i want to show from a different angle what did it feel like to subjected.he people' one of the things that has happened since 1989 is the region has become very differentiated. these countries no longer even have much in common except for the common memory of communist occupation. anne applebaum canad from her historical narrative "iron curtain" sunday night at 8:00. >> brian m. -- brian moynihan said the government and lenders and borrowers have to reset their expectations on home ownership. he called for fannie mae and freddie mac
the u.s.. after that, a look at the so- called fiscal cliff. then a discussion on have a fiscal cliff may affect medicare payments to doctors. tomorrow, we will take your calls and offers several perspectives on their reaction to the connecticut school shooting. wanda summers looks at how states are bracing for sequestration. >> my inspiration was the idea that i wanted to explain how this doesn't happen. we know the story of the cold war. we know the main events. i want to show from a...
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Dec 25, 2012
12/12
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the u.s. will have a relationship with the new egypt but it will not be the relationship of a client state that we saw with's the minority -- hosni mubarak or on war said sadat. is the changing relationship in the country like pakistan after the osama bin laden raid and in states like yemen. they look over the horizon that bahrain and say, we do not want that. host: one of the papers this morning has a story taking a look at the change in leadership in specific countries in asia and highlighting what is going on in north korea, south korea, and japan. what does that prove for the administration? guest: you can put north korea in the same category as japan and south korea. they have taken power and have produced leaders but are still checked by the open society and by the democratic political system. kim jong un is the son of kim jong il who died about a year ago. to say he is a hawk misses the point. he is a tyrant. he continues to sell arms to countries like iran and build their nuclear progr
the u.s. will have a relationship with the new egypt but it will not be the relationship of a client state that we saw with's the minority -- hosni mubarak or on war said sadat. is the changing relationship in the country like pakistan after the osama bin laden raid and in states like yemen. they look over the horizon that bahrain and say, we do not want that. host: one of the papers this morning has a story taking a look at the change in leadership in specific countries in asia and...
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Dec 12, 2012
12/12
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to coordinate with u.s. customs and border protection when determining what baggage must be rescreened in the united states. accordingly, i support this legislation that the obama administration proposed and reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from new york. mr. king: madam speaker, i yield such time as he may consume to the gentleman from illinois, mr. walsh. let me take this opportunity to commend him, the outstanding job he's done during his time of service on the committee. . the speaker pro tempore: the gentleman from illinois is recognized for such time he may consume. mr. walsh: thank you, madam speaker. the i thank chairman king. earlier this year i introduced the no hassle flying act legislation, brought to our attention by the transportation security administration. senators clow by car from minnesota and blunt from missouri introduced my language in the senate and this is the bill we are considering today. over the
to coordinate with u.s. customs and border protection when determining what baggage must be rescreened in the united states. accordingly, i support this legislation that the obama administration proposed and reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from new york. mr. king: madam speaker, i yield such time as he may consume to the gentleman from illinois, mr. walsh. let me take this opportunity to commend him, the...
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Dec 25, 2012
12/12
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FBC
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u.s. >> well, the market is shrinking. you know, the u.s. consumers have leverage of about 124% and now it is about 114%. terms that is one of the biggest headwinds. that is not a such a bad thing either. if you think about. lou: so you say that this is a market that is honorable? kn, >> i would say that this recovery is fragile. tchy. it depends -- it has also been very patchy., very it is going from a very low point in the economy, clouding some of this information. but i would think the fiscalmers cliff discussions are definitely not helping. coming consumers can see the implications of mortgage tax deductions. lou: what would happen if that would be implemented? th >> i think i would not recommen. lou: or not at this stage of theit recovery. lou: somehow i thought i would be your answer, as it would be for most homeowners who got used to that deduction. it is great to have you with us. the amaou. the fiscal cliff fiasco. the obama plan, to the speakersi boehner plan, it will either o alter the rising rate of spending were less than the s
u.s. >> well, the market is shrinking. you know, the u.s. consumers have leverage of about 124% and now it is about 114%. terms that is one of the biggest headwinds. that is not a such a bad thing either. if you think about. lou: so you say that this is a market that is honorable? kn, >> i would say that this recovery is fragile. tchy. it depends -- it has also been very patchy., very it is going from a very low point in the economy, clouding some of this information. but i would...